OK, I read this in WWD, which isn’t exactly the National Enquirer so it could very well be true, WWD is claiming Italian authorities have opened a criminal investigation into the Dolce
& Gabbana fashion empire following allegations of tax evasion.
public prosecutor Laura Pedio, who is heading up the case, told WWD on
Monday the probe into alleged undeclared earnings and value added tax
was "at an early phase," but declined to give further details. The
crime can carry up to a three-year prison sentence.
daily La Repubblica reported Sunday that neither Domenico Dolce nor
Stefano Gabbana has so far been named in the investigation, but that
their eponymous fashion group could be liable for more than 125 million
euros, or $192 million at current exchange, in unpaid taxes and fines. Holy cow!
to the report, Italian tax authorities have already turned down a
proposed settlement of 92 million euros, or $141.3 million, by Dolce
& Gabbana Srl.
A spokeswoman for Dolce & Gabbana could not be reached for comment at press time.
Say it isn’t so….we love Dolce suits! We know this isn’t Spitzer scandalous, but in fashion circles this is pretty major. Death and taxes…you can’t escape them.
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40